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THE REDUCTION AND DEMAND ON THE RANGE.
RANGE. >> I WANT TO GO BACK TO ONE
>> I WANT TO GO BACK TO ONE ISSUE THAT I KNOW OUR VIEWERS
ISSUE THAT I KNOW OUR VIEWERS ARE CONCERNED B. THE MINNESOTA
ARE CONCERNED B. THE MINNESOTA ECONOMY HAS BEEN VIEWED AS
ECONOMY HAS BEEN VIEWED AS CONTAINING, AGRICULTURE RELATED
CONTAINING, AGRICULTURE RELATED BUSINESS.
BUSINESS. SO DOES THAT, IS THAT RELATIVELY
SO DOES THAT, IS THAT RELATIVELY INSULATED, NECESSITY INSULATED
INSULATED, NECESSITY INSULATED OR IS THAT VARIABLE AS WELL.
OR IS THAT VARIABLE AS WELL. >> IT'S DEFINITELY VARIABLE.
>> IT'S DEFINITELY VARIABLE. A LOT OF FOODS ARE EXPORTED.
A LOT OF FOODS ARE EXPORTED. SO THE STRONG U.S. DOLLAR AND
SO THE STRONG U.S. DOLLAR AND SMALL GLOBAL GROWTH HITS.
SMALL GLOBAL GROWTH HITS. THE PRODUCERS OF EXORN AND
THE PRODUCERS OF EXORN AND SOYBEANS, AND, FOOD, BECAUSE
SOYBEANS, AND, FOOD, BECAUSE THAT FOOD GETS CONSUMED IN OTHER
THAT FOOD GETS CONSUMED IN OTHER COUNTRIES. SO, WHEN I SAY THE
COUNTRIES. SO, WHEN I SAY THE MANUFACTURING SECTOR HAS SLOWED
MANUFACTURING SECTOR HAS SLOWED DOWN, THERE ARE TWO PIECES TO
DOWN, THERE ARE TWO PIECES TO THE SECTOR.
THE SECTOR. THERE'S THE DURABLE SECTOR LIKE
THERE'S THE DURABLE SECTOR LIKE TRANSPORTATION EQUIPMENT AND
TRANSPORTATION EQUIPMENT AND MEDICAL EQUIPMENT.
MEDICAL EQUIPMENT. AND THEN THERE'S THE NON DURABLE
AND THEN THERE'S THE NON DURABLE , IT'S FOOD.
, IT'S FOOD. SO, FOOD PRODUCTION THAT'S A
SO, FOOD PRODUCTION THAT'S A MANUFACTURED GOOD.
MANUFACTURED GOOD. AND SO THAT'S ONE OF THE SECTORS
AND SO THAT'S ONE OF THE SECTORS THAT IS WATCHING CLOSELY WHAT'S
THAT IS WATCHING CLOSELY WHAT'S GOING IN OTHER COUNTRIES.
GOING IN OTHER COUNTRIES. >>> I DON'T MEAN TO PUT OUT
>>> I DON'T MEAN TO PUT OUT SPOT, DO YOU KNOW WHAT PERCENT
SPOT, DO YOU KNOW WHAT PERCENT FINANCIAL IS AGRICULTURE
FINANCIAL IS AGRICULTURE RELATED?
RELATED? >> IS IT MORE OR LESS?
>> IS IT MORE OR LESS? >> I WOULD HAVE TO PRETTY
>> I WOULD HAVE TO PRETTY CAREFULLY DEFINE AGRICULTURE.
CAREFULLY DEFINE AGRICULTURE. >> I GET THESE QUESTIONS VAGUE.
>> I GET THESE QUESTIONS VAGUE. >> YOU ANSWER.
>> YOU ANSWER. A COUPLE OF THINGS I CAN SAY, IF
A COUPLE OF THINGS I CAN SAY, IF YOU LOOK AT THE DISTRIBUTION OF
YOU LOOK AT THE DISTRIBUTION OF EMPLOYMENT, IT LOOKS, THAT
EMPLOYMENT, IT LOOKS, THAT PICTURE LOOKS LIKE THE U.S.
PICTURE LOOKS LIKE THE U.S. PICTURE.
PICTURE. SO WE HAVE A DIVERSE ECONOMIC
SO WE HAVE A DIVERSE ECONOMIC BASE AND NOT DEPENDENT.
BASE AND NOT DEPENDENT. SO WE'RE NOT AS DEPENDENT AS
SO WE'RE NOT AS DEPENDENT AS IOWA OR SOUTH DAKOTA.
IOWA OR SOUTH DAKOTA. SO WE HAVE A MORE DIVERSE
SO WE HAVE A MORE DIVERSE ECONOMIC GROWTH.
ECONOMIC GROWTH. AND WORKING ON FARMS, ABOUT THE
AND WORKING ON FARMS, ABOUT THE FLAT LANDS LOSING PEOPLE BECAUSE
FLAT LANDS LOSING PEOPLE BECAUSE YOU CAN PUT MACHINERY IN PLACE.
YOU CAN PUT MACHINERY IN PLACE. OVER TIME WE NEED FEWER AND
OVER TIME WE NEED FEWER AND FEWER PEOPLE IN ORDER TO PRODUCE
FEWER PEOPLE IN ORDER TO PRODUCE FOOD.
FOOD. EMPLOYMENT ON FARMS HAS
EMPLOYMENT ON FARMS HAS DECLINED.
DECLINED. BUT ONE OF THE THINGS THAT ADDS
BUT ONE OF THE THINGS THAT ADDS TO MINNESOTA'S RESILIENT, WITH
TO MINNESOTA'S RESILIENT, WITH REGARD TO OUR DIVERSE NUMBER OF
REGARD TO OUR DIVERSE NUMBER OF INDUSTRY SECOND STORES THAT WE
INDUSTRY SECOND STORES THAT WE HAVE ALL THE CORPS FOR RAISING
HAVE ALL THE CORPS FOR RAISING THAT'S PROCESS THAT IS FOOD,
THAT'S PROCESS THAT IS FOOD, AND, PROCESS THOSE COM MODDIES
AND, PROCESS THOSE COM MODDIES INTO ANOTHER PRODUCT.
INTO ANOTHER PRODUCT. SO THAT